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What is the balance of retained earnings on December

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Question - A6f Construction Company has the following account balances reported on its financial statements on December 31, 2019. In addition, the company did not issue any common stock during 2019. All accounts on financial statements have been adjusted and reported.

Equipment (net) $550

Deferred revenue 125

Salaries expense 60

Depreciation for the year 80

Common stock 60

Supplies 100

Notes payable 180

Service revenue 360

Cash 80

Dividend paid during the year 25

Retained earnings ?

Required -

What is the net income reported in 2019?

What is the balance of total assets on December 31, 2019?

What is the balance of retained earnings on December 31, 2019?

Reference no: EM132723338

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